Personal finance

It comes as the RBI put a slew of restrictions on the bank for six months on September 23.Amid the ongoing PMC Bank crisis, HDFC Chairman Deepak Parekh said that there is no system in place to safeguard the hard-earned savings of an…
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SBI also cut rates on savings deposits up to Rs 1 lakh to 3.25% from 3.5% with effect from November 1, citing adequate liquidity in the system.India’s largest lender State Bank of India (SBI) on Wednesday cut its marginal cost of…
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Shubh Loans said it has already raised series A2 funding of Rs 34 crore (USD 4.8 million) from Omidyar Network India.Fintech start-up Shubh Loans on Tuesday said it has received a licence from the Reserve Bank of India to set up a…
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The State Level Bankers’ Committee has been constituted in April 1977, as an apex inter-institutional forum to create adequate coordination machinery in all states, on a uniform basis for development of the state.The Reserve Bank of…
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Das added that every incident ‘is an experience’ based on which the RBI will take a fresh look at the regulatory framework in existence and take up any required changes with the government.The Reserve Bank of India governor, Shaktikanta…
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The crisis at PMC Bank is understood to have been precipitated as it was funding a clutch of companies, mainly in the troubled real estate sector.The Institute of Chartered Accountants of India (ICAI), the body that regulates chartered…
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Driven by digital initiatives, the share of private banks in FDs has gone up from 22% in March 2017 to 29% in March 2019. For Q4FY19, it witnessed 100% y-o-y growth in its digitally booked FDs.Axis Bank, India’s third-largest private…
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With an interest rate of 6%, the bank’s savings deposits have grown at a compounded 38-40% over the last seven years.India’s most prestigious financial sector awards — FE Best Banks awards — will be presented in the country’s financial…
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At a time when NBFCs are in all sorts of trouble, the Bajaj twins are rocking.He will turn 50 in about a month but there are no plans for a big bash. That’s Sanjiv Bajaj for you, quiet and down to earth, no hype or hoopla. Not for him,…
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It has been a year since the Reserve Bank of India (RBI) laid out the framework for co-origination of loans by banks and NBFCs in the priority sector.State Bank of India (SBI) is expected to launch a co-lending business model soon with…
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